India, New Zealand ink three agreements including avoidance of double taxation

Posted on: 03 Nov 2016 09:53:34

03 November 2016 Current Affairs: India and New Zealand signed three agreements in the areas of double taxation avoidance (DTA), sports and food security to carry forward the ties between both sides. The agreements were signed in the presence of Prime Minister Narendra Modi and his New Zealand counterpart John Key after the delegation-level talks in New Delhi. Both countries have reached an understanding on further cooperation on cyber security, counter-terrorism, customs, education and food safety

Arrangement between the Ministry for Primary Industries of New Zealand regarding Food Safety Cooperation and Food Safety and Standards Authority of India (FSSAI) MoU on cooperation in the field of youth affairs and sports. It was signed between the Ministry of Youth Affairs and Sports of India and Sport New Zealand. Protocol to the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

During this visit of New Zealand PM, India failed to get outright support of New Zealand for its bid for Nuclear Supplier Group (NSG) membership. India had clearly notified New Zealand that its entry to the NSG was tied to its need for clean energy and climate change commitments. Thus, it indicates that New Zealand is yet to change its position of admitting only signatories of Nuclear Non-Proliferation Treaty (NPT) countries in NSG, a group of 48 countries which works by consensus.

New Zealand is part of a group called the New Agenda for Coalition which promotes the NPT and pushes for nuclear disarmament worldwide. Comment The official state visit New Zealand PM John Key comes in run-up to a crucial NSG Consultative Group (CG) meeting to be held in Vienna in November 2016. This meeting will specifically to consider whether countries that haven’t signed on to the NPT can be considered for membership. Earlier in June 2016, India’s membership bid to NSG had failed to make headway in Seoul (South Korea) after it was opposed by China and other countries. New Zealand was also among the countries led by China that have demanded to set criteria for non-signatories of the NPT for joining NSG.

NAC is a geographically dispersed group of middle power countries that promotes the NPT and pushes for nuclear disarmament worldwide. It consists of Brazil, Egypt, Ireland, Mexico, New Zealand and South Africa. The group was officially launched in Dublin (Ireland) in June 1998 in response to the North-South divide that stymied talks on nuclear disarmament and non-proliferation within the framework of the NPT.